Oct 15 2011 |
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Trading of Dubai Gold Securities rises 1,280% on NASDAQ Dubai
Exchange transfers DGS trading to Dubai Financial Market platformDGS closely track the spot price of gold and are structured products that can be traded on NASDAQ Dubai through a broker, just like equities. DGS are backed by gold in a bank vault and can be held without the inconvenience of holding physical gold.
NASDAQ Dubai outsourced the trading of DGS to the trading platform of Dubai Financial Market on October 10, 2011 in order to facilitate access by DFM 's retail investors. NASDAQ Dubai's equities have traded successfully on DFM 's platform since July 2010.
In equities trading, individual investors accounted for 6.5% of the traded value of all shares traded on NASDAQ Dubai in the first nine months of 2011. Total equities traded value in the period by individual and institutional investors was 541 million dollars.
The FTSE NASDAQ Dubai UAE 20 index ended September at 1,465, down 5% from the end of August and down 19% from the end of 2010.
The index tracks 20 liquid stocks listed on DFM , the Abu Dhabi Securities Exchange and NASDAQ Dubai. It has been designed as a hedging and investment mechanism for GCC and international investors.
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About NASDAQ Dubai
NASDAQ Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares,
derivatives, exchange-traded commodities, structured products, Sukuk (Islamic bonds) and conventional bonds.
The majority shareholder of NASDAQ Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of NASDAQ Dubai is the Dubai Financial Services Authority (DFSA). NASDAQ Dubai is located in the Dubai International Financial Centre (DIFC).
For more information, visit www.nasdaqdubai.com
© Press Release 2011
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